Sunday, June 10, 2018

The Sensex Outlook for the Week Starting 11-06-2018



The Sensex has comfortably settled itself above 35000.However the test now lies in conquering Mt.35500.
Allow the Sensex to consolidate in the 35000-35500 before proceeding towards 36000 and newer Life High's.
The near term outlook is optimistic and the short term outlook is bullish.
Use any dips till 35145 to stock-up on your longs.The optimistic and bullish outlook will change for 
the worse only with a close below 35063.Keep 35063 as a SL for all existing and newer longs.

Date 11-Jun-18
Index Sensex Nifty
S2 35,362 10,742
S1 35,396 10,752
Previous Close                               35,443.67 10,767.65
R1 35,553 10,800
R2 35,629 10,823
Fair Value 31,855 9,676


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